Solana (SOL), a competitor to Ethereum (ETH), has the potential for significant upside, with price targets ranging from $171 to $585 according to a popular crypto analyst, although it is unlikely to reach parity with ETH.
Ark Invest and 21Shares have partnered with Chainlink to integrate its Proof of Reserve platform into the ARKB Bitcoin ETF, providing investors with real-time insights into its holdings and boosting investor confidence, resulting in a 7.8% surge in Chainlink's price.
Bitcoin's surge beyond $60,000 has resulted in $90 million worth of BTC shorts being liquidated in the past 24 hours due to the asset's rapid increase in value and the performance of Spot Bitcoin ETFs.
Bitcoin surged above $60,000 fueled by institutional participation and anticipation for the upcoming halving event, while Ethereum also rose against April 2022 levels and the newly-launched spot bitcoin ETFs experienced significant inflows.
Ark Invest and 21Shares are increasing transparency for their ARK 21Shares Bitcoin ETF (ARKB) by making their bitcoin reserves public and integrating Chainlink's Proof of Reserve platform.
Bullish Capital and CoinFund lead a $23 million Series A round for liquid restaking protocol ether.fi, which now has $1.66 billion in total value locked, contributing to the overall surge of the liquid restaking ecosystem to over $10 billion.
21Shares has integrated Chainlink Proof of Reserve on Ethereum to increase transparency and provide clear visibility into the Bitcoin reserves backing the ARK 21Shares Bitcoin ETF.
Backpack, a crypto exchange aiming to set a gold standard for security and trust, has raised $17 million in a Series A funding round to support its expansion plans and innovative approach to exchange architecture and compliance. The startup, which previously faced challenges due to the collapse of FTX, is now live in 11 US states and is seeking licensing in Japan. With the recent growth in the crypto industry and increasing institutional adoption, Backpack sees a window of opportunity to provide a reliable and user-friendly platform.
Messaging giant Telegram, known for its privacy-focused platform, will begin sharing ad revenue with channel owners starting in March, with payments settled on the TON blockchain, according to founder Pavel Durov.
Ethereum (ETH), MultiversX (EGLD), SEI, Astar (ASTR), and DUSK are altcoins with upcoming developments in March 2024 that could have a positive impact on their prices.
Bitcoin's recent surge in value, along with a newfound spirit of development on the original blockchain, is attracting attention and excitement, as engineers and programmers discuss the potential of Bitcoin layer-2 networks and NFT-like digital art, and venture capital funds are being invested in Bitcoin DeFi projects. The development of Bitcoin's layer-2 infrastructure and the ability to reuse locked capital in interesting ways may unlock new possibilities for the cryptocurrency.
Robert Kiyosaki, author of "Rich Dad Poor Dad," predicts that Bitcoin will reach $100,000 by June 2024 due to the approval of Bitcoin ETFs, its potential as a hedge against financial uncertainty and inflation, and the buying opportunities it presents during market downturns.
Sam Bankman-Fried's family, acquaintances, and former employees are requesting leniency for the fallen FTX founder, arguing that he has been unfairly portrayed as a greedy villain and faces extreme danger in prison.
Bitcoin's recent performance and potential as a hedge against financial catastrophe make it a more lucrative investment option than the popular "Magnificent Seven" stocks, with its long-term upside outweighing the risks of possible government bans or regulatory uncertainty.
Bitcoin's recent surge to over $59,000 has prompted some traders to buy put options as a protective measure against a potential market downturn, despite the cryptocurrency's strong performance and predictions of continued growth.
Bitcoin and Ethereum surged in value, with BTC reaching $59,000 and ETH hitting $3,300, as their combined market capitalization grew to $1.5 trillion, driven by bullish sentiment and the impact of new spot Bitcoin ETFs, while Ethereum anticipates the Dencun upgrade for faster and more affordable transactions, according to CoinGecko data.
Bitcoin is on track to surpass its previous lifetime high of $69,000 in March due to euphoric sentiment, institutional buying demand, and the upcoming halving event, with some traders expecting a new bull market driven by reduced supply and increased prices.
FTX founder Sam Bankman-Fried's lawyers have requested a prison sentence of 63 to 78 months, objecting to a Presentence Investigation Report that recommended a term of 100 years after he was convicted on fraud and conspiracy charges relating to the collapse of FTX.
TRON founder Justin Sun reveals that he holds over 28,000 Bitcoins, worth approximately $1.6 billion, while Bitcoin's price surge is driven by increased investments in ETFs.
The recent 11% rise in Ethereum's price can be attributed to increasing demand from buyers in the United States, particularly on Coinbase, and the growing anticipation of a spot Ethereum ETF being approved, which could potentially lead to sustained growth in the cryptocurrency.
BlackRock's spot bitcoin ETF, IBIT, recorded over $1.3 billion in daily trading volume for the second consecutive day, fueled by bitcoin's rally to $57,000, breaking Monday's record.
JP Morgan CEO Jamie Dimon expresses concern about fiscal policies and doubts the market's optimism for a "soft landing," prompting Anthony Scaramucci to urge Dimon to educate himself on Bitcoin.
MicroStrategy's stock could benefit from the upcoming bitcoin-halving event in April, as the company holds a significant amount of bitcoin on its balance sheet, making it an attractive investment for analysts. The launch of spot bitcoin ETFs in the US is not expected to negatively impact the stock, as MicroStrategy can continue to purchase bitcoin using debt and equity issuances. Analyst Mark Palmer predicts the company's bitcoin holdings could reach 200,000 bitcoins by 2025 with a valuation of $25 billion.
Ilya Lichtenstein, a former high-profile defendant in the Bitfinex hack money laundering case, is now cooperating with federal prosecutors in their case against Bitcoin Fog, a mixing service he used to hide his assets, testifying that it wasn't as good as some of the other mixers he used.
Ordinals, NFT-like inscriptions on individual satoshis, are making a comeback in the wake of Bitcoin's price surge, with sales reaching $19.7 million on major Ordinals marketplaces, driven by renewed interest and the upcoming Bitcoin halving.
Other Page and Magic Eden have teamed up to revolutionize profiles in the marketplace by allowing users to customize their avatars and display their full Web3 legacy across all wallets and communities, offering a universal profile that showcases lore, licenses, affiliations, achievements, and more in an interoperable and instantly updateable manner.
Luxury brands are increasingly embracing blockchain technology and preparing for the implementation of Digital Product Passports (DPPs) in Europe, with the guidance of the Aura Blockchain Consortium, to provide customers with enhanced product authenticity and additional features such as warranties and insurance.
CoinDesk Indices presents its Chart Pack, which provides a look at the performance of individual cryptocurrencies and sectors in the crypto market.
Stock market indices closed mixed on Tuesday, with the Dow Jones Industrial Average ending lower while the S&P 500 and Nasdaq held on to gains.
JPMorgan has changed its stance on cryptocurrency, stating that it sees higher cryptocurrency prices sustaining and improving, despite previous criticism from CEO Jamie Dimon.
Comedian Trevor Noah regrets not buying Bitcoin when it was worth nothing and believes that learning from mistakes is important in business and life.
The Shiba Inu (SHIB) price is attempting to break out from a long-term resistance line, with bullish indicators suggesting a successful breakout is possible, but failure could lead to a significant decrease in price.
Apple has abandoned plans to design and build an autonomous vehicle and is redirecting its resources towards investment in artificial intelligence, according to reports by Bloomberg; the company's secretive car project, Project Titan, will be shut down, with employees transitioning to Apple's AI division.
Theta, Pyth, and Stacks are the top gainers among the top 100 cryptocurrencies, with Theta registering a 23% spike in the last 24 hours and a remarkable 73.7% surge in the last seven days.
The US Department of Energy's plan to gather information about the energy consumed by bitcoin mining has been put on hold by a judge, who issued a restraining order in response to a lawsuit filed by miners, suggesting that the plan is likely to be permanently blocked.
Nine newly approved spot Bitcoin exchange-traded funds (ETFs) in the United States hold over $17 billion worth of Bitcoin, with BlackRock leading the pack with over $7 billion in assets under management.
Bitcoin surged past $57,000 for the first time in over two years, driven by MicroStrategy's $155 million Bitcoin purchase and strong demand for spot Bitcoin ETFs, with potential for more institutional money to flow into Bitcoin in the coming months.
BlackRock's spot bitcoin ETF, IBIT, is set for its second consecutive day of over $1 billion trading volume, boosted by bitcoin's rally to $57,000 and strong inflows into U.S.-listed spot bitcoin ETFs.
DWF Labs has purchased $10 million worth of FLOKI tokens, following a $5 million investment in May 2023, in a bid to fortify the Floki ecosystem and solidify its position in the crypto market.
The percentage of Bitcoin transactions occurring on weekends has been declining, indicating worsened liquidity conditions and could be attributed to increased institutional participation and market infrastructure, according to crypto market research firm Kaiko.
The White House is concerned that Bitcoin mining is putting a significant strain on the power grid and may use this concern to increase regulation on the industry.
The XRP price has reclaimed a long-term ascending support trend line and is close to breaking out of a descending parallel channel, with analysts predicting a positive future trend for XRP.
YouTube briefly pulled an attack ad against Katie Porter, funded by prominent figures in the crypto industry, before restoring it without providing an explanation for the removal. The ad accuses Porter of benefiting from a company that engaged in unauthorized fees and illegal foreclosures, although Porter's campaign disputes these claims.
Blockchain gaming and entertainment firm Gala has launched GalaSwap, a decentralized exchange (DEX) on its proprietary network GalaChain, capable of handling 2 million transactions per second, with lower fees and a focus on NFT trading and token rewards.
Bitcoin's recent surge in value, combined with its upcoming halving event in April 2024, is expected to further enhance its recognition in the financial world and potentially increase its price to $70,000, according to leading crypto exchange Toobit. Bitcoin halving is a process that reduces the rate at which new bitcoins are created, increasing scarcity and potentially impacting its value. Halving also helps control inflation and has historically resulted in significant price increases for Bitcoin. Other cryptocurrencies like Ethereum, Chainlink, and Ripple may also gain traction following the Bitcoin halving event.
Ethereum (ETH) has surged to a price of $3,258, the highest seen since April 2022, with bullish indicators suggesting further upward movement, and institutional investors showing growing interest in Ethereum over Bitcoin, as revealed by a new report from ByBit.
Sam Bankman-Fried, the disgraced cryptocurrency mogul convicted of fraud, is making a last-ditch effort to secure a lenient sentence and change the public narrative about his case with the help of a new lawyer, sympathetic law professors, former employees, and his parents, who are Stanford University law professors.
Crypto miners have successfully halted the Department of Energy's survey of Bitcoin's energy consumption in the US through a temporary restraining order, sparking legal battles over the impact of energy-hungry crypto mines on the power grid, communities, and the environment.
Decentralized publishing company DASTAN, created from the merger of Decrypt and Rug Radio, has been unveiled as the largest of its kind, aiming to give narrative power back to creators and the public.
Ethereum meme coin Pepe and its Solana competitors Dogwifhat and BONK have experienced significant gains, while Dogecoin and Shiba Inu have also seen smaller price rallies.